Jamboree in Taipei Features Corn-Fed U.S. Beef and Alternative Cuts

Aug 02, 2022

With U.S. beef exports to Taiwan up 70% and reaching $378 million through May, USMEF Taiwan recently took a celebration directly to families at Taipei’s main train station.

With U.S. beef exports to Taiwan

The jamboree was implemented to increase awareness of corn-fed U.S. beef, engage younger generations and promote alternative U.S. beef cuts. USMEF publicized the celebration on social media and on LINE, one of Taiwan’s most popular chat apps.

Inflatables, booths and prizes drew participants to three areas of engagement centered around two featured alternative cuts – U.S. beef knuckle and chuck flap. Games with prizes, educational exhibits, a product showcase and product samplings advertised the high-quality attributes of the two U.S. cuts. The jamboree was funded by USDA’s Market Access Program, the Beef Checkoff Program and Texas Beef Council.

Click here to see more...

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!